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Aleph Zero
Aleph Zero is a developer of a blockchain platform designed to solve shortcomings in current infrastructure layers in industries such as the Internet of Things, automotive, ESG, and healthcare. The company's platform offers high speed, scalability, and a set of privacy-enhancing features based on the secure multi-party computation [1]. The company was founded in 2018 by co-founders Adam Gagol, Antoni Zolciak, Birk Hintze Thisted, Matthew Niemerg [6][7], and Michal Swietek and is located in Zug, Switzerland.
The company offers a privacy-enhancing, proof-of-stake public blockchain with instant finality. The network is built for enterprise and uses a Directed Acrylic Graph (DAG)-based consensus protocol that has been peer-reviewed. The company uses DAG as an intermediary data structure that can still be considered blockchain [2]. The company aims to solve the issues of security, scalability, and decentralization with DAG [3].
Platform
Aleph Zero's platform is based on the company's privacy-enhancing public blockchain. The platform offers a wide range of potential applications, capable of operating as a public ledger and a private instance connected to the public ledger. This is to allow enterprises to build decentralized projects that benefit from speed and security of a public DLT platform while being able to preserve the privacy of their transactions.
The features of the platform include scalability, offering around 100,000 TPS in a decentralized system; a peer-reviewed protocol and accepted for publication; near-free value transfer transactions; decentralized, implementing a large, rotating, and random committee to achieve proper decentralization; common wallet and decentralized exchange capabilities; private smart contractions for automated functions and programmable contracts; a hub-and-spoke model to allow users to sync their application to Aleph Zero's ledger; and file storage, with API hooks to allow for seamless integration into InterPlanetary Fill System (IPFS) and proprietary data transactions [4].
Ecosystem
The Aleph Zero ecosystem is a multichain platform capable of synchronizing with other blockchains and running smart contracts. Its privacy framework can be used on all major chains, including the following:
- AlephBFT—an original, peer-reviewed, DAG-consensus protocol
- Cloud—decentralized file storage or IPFS
- Private smart contracts—offers scalable, self-executing, private smart contracts
- Common—decentralized exchange and a decentralized dark pool
- Liminal—multichain privacy layer usable across networks that bridge to Aleph Zero
- Substrate integration—AlephBFT is integrated with the substrate stack to ensure wider adoption and premier user experience
- Oracle—information bridge between the external world and the Aleph Zero ecosystem
Use Cases
The features and capabilities of Aleph Zero's platform, along with new systems being built to provide the features and interoperability that people expect to be available, make DLT and smart contract systems a possible answer to a lot of use cases, such as equity and securities. Aleph Zero further sees the company's platform as capable of driving the adoption of Web3. Other use cases Aleph Zero suggests, include the following:
| Use Case | Description |
|---|---|
| Asset digitization | The use of smart contracts, or digital paperwork, could be used to simplify the process of buying and selling certain types of assets, such as real estate, receiving loans, and holding stocks or bonds. Rather than requiring many agents and lawyers and paperwork in a low trust environment, the smart contracts can enforce these, meaning the payments can be automated, and zero trust, and for the person, in the case of real estate, receiving an asset, they need not worry about paying for an asset and not receiving said asset. |
| Automatic payments and shared revenue agreement | In the case of automatic payments and shared revenue agreements, Aleph Zero suggests the company's protocol could provide transparency and efficiency to revenue sharing models, removing the need for trust and audits. It could simplify the agreements The parties involved could use a simple UI that would allow them to create smart contracts based on the contract agreed to by the different parties. They could generate such a contract for a given period of time and from that point, both parties would be able to receive mutual benefits without unnecessary additional work. |
| Automatic tax payment | With the increasing possibility of developing automatic tax payments, Aleph Zero suggests their platform could be used to optimize and preserve tax payment and eliminate security risks. With transactions on Aleph Zero, the public ledger and smart contracts could be used to calculate and charge the taxes automatically and correctly. Automatic tax payments could also make cross-border VAT settlements seamless, and with a broad implementation, it could even completely remove the need for accounting, or at least for issuing invoices. |
| Decentralized domain name system (DNS) | In the case of databases, centralized solutions offer greater speed than decentralized databases, but Aleph Zero considers its technology capable of offering a decentralized database capable of near similar speeds to a centralized database. As well, a group of companies could share some parts of the Aleph Zero database, and gain efficiency and transparency in their operations. In this setting, the companies would not have to trust each other, and could make better decisions, possibly speeding up the growth. The fees for blockchain databases are considered another hurdle for decentralized databases, but Aleph Zero could offer a mining-free and minimal-fee decentralized database. |
| Databases | Aleph Zero believes its platform could be a foundation on which to build a decentralized DNS service built into web browsers, and become a technological trust layer of the internet which would not allow for malicious altering of the end IP address on the DNS side, and not need certificates to vouch for the websites legitimacy or to encrypt the connection. |
| Internet of Things (IoT) | Where a decentralized protocol for IoT requires a fast and scalable system, and Aleph Zero offers a fast and secure, decentralized network which can be applied to an IoT network to produce solutions which cater to devices. |
| Notary signatory | While current notaries are responsible for witnessing the sides are willing to sign an agreement on their own, Aleph Zero suggests the use of decentralized ledger technology to secure a video call and its recording together with information about the transaction and the identities of the people involved which could be accessed at any time doubt occurs. |
| Smart contracts | Smart contracts offer a way to create any kind of automated application with smart contracts, and Aleph has offered a system with complex machine learning components and other automated services to allow for the trusted and fully autonomous deployment of agents. |
| Supply chain management | Aleph Zero suggests the company's solution for the use of supply chain management, including simplifying payments, and accounting, the full history of production, logistics, and distribution could be added to the Aleph network, creating a consistently synchronized distributed record that offers trust. |
| Transparent public document access | As trust is seen to be increasingly important, and Aleph Zero suggests its public and private ledger technology could provide a chance for governments and businesses to improve the communication and transparency of their business and governing and reduce the amount of paperwork while offering compliance. This is suggested as a possible solution of the loss of trust in democratic governments, caused in part by the lack of transparency in their workings. |
| Universal wallet and decentralized exchange | Aleph Zero's DAG offers a chance, according to the company, to build a decentralized exchange and universal wallet, as it offers minimal transaction fees and decentralized security on a completely trustless level, while allowing users to complete transactions with Bitcoin in a few seconds. |
| Virtual game assets | Aleph Zero suggests the use of the company's platform, and tokenization overall, could offer players a secured extension or rare item that could not be stolen. As well, it offers the chance to develop a cross-game item exchange to trade values between games and broaden the options for players to buy in-game items. |
Aleph Zero
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